HONG KONG, March 10, 2021 /PRNewswire/ -- AMTD Group
announced that Airstar Digital (fomerly named as Xiaomi Digital), a
subsidiary of Xiaomi Corporation, invested in AMTD Capital, a
subsidiary of AMTD International (NYSE: HKIB; SGX: HKB). AMTD Capital has
obtained an approval earlier last year by the Chinese regulator to
operate as a foreign-invested investment management firm in
Hengqin. Xiaomi Finance (Hong
Kong) Limited, a subsidiary of Airstar Digital, officially
signed the strategic collaboration agreement with AMTD
International. Under the agreement, Airstar Digital will
invest into new shares to own 49.87% of AMTD Capital. Mr.
Zhao Weixing, Vice President of
Airstar Digital and former Chief Executive of XW Bank, will join
the Board of AMTD Capital. AMTD Capital will also be renamed
as AM Capital.
Recently, Mr. Calvin Choi,
Chairman and CEO of AMTD Group, and Mr. Zhao Weixing, Vice President of Airstar Digital,
in their capacity as representatives of the shareholders and
members of the Board of Directors of AM Capital, met face to face
in Hong Kong to discuss further
cooperation opportunities and held the first Board meeting. The
meeting focused on how the two shareholders can maximize synergies
and support AM Capital to implement its "Enterprise+" strategic
investment methodology, and its investment direction to focus into
FinTech, ecosystem building, and smart manufacturing companies. The
objective is to provide enterprises with long term but low-cost
capital to support their long-term development, and at the same
time provide multi-dimensional value-added services such as
strategic modeling, process optimization, industry consolidation,
financing support, and business development for the pre-IPO or
listed companies. Mr. Calvin Choi,
Chairman and CEO of AMTD Group and Mr. Zhao
Weixing, Vice President of Airstar Digital, jointly signed
the board resolution.
AM Capital is the second corporate level equity co-investment
and collaboration between AMTD Group and Airstar Digital, following
the joint establishment of Airstar Bank. AM Capital's
management team will comprise of core members from both AMTD Group
and Airstar Digital.
In addition, Mr. Feng Juwen, Deputy Director for Hengqin
Financial Services Bureau, and Mr. Luo Hao, Assistant Director of
Hengqin Financial Services Bureau, led a team to visit AM
Capital. During the meeting, Mr. Feng firmly expressed that
the Hengqin Financial Services Bureau would actively support and
assist AM Capital's business development and promote its business
in the Greater Bay Area.
Serving as one of AMTD Group's key platforms in the Greater Bay
Area, as well as aligning with Airstar Digital's strategic
direction in the digital finance sector, AM Capital will follow the
governments' lead in the region to promote financial openness and
innovation, deepening financial cooperation between Hong Kong, Macau, and China, assuming the strategic role to bridge
cross-border investment and financing.
About AMTD International Inc.
AMTD International Inc. (NYSE: HKIB; SGX: HKB) is a premier
Hong Kong-headquartered financial
institution group connecting companies and investors from
Asia, including China and Hong
Kong as well as the ASEAN markets with global capital
markets. Its comprehensive one-stop financial service solutions
strategy addresses different clients' diverse and inter-connected
financial needs across all phases of their life cycles. Leveraging
its deep roots in Asia and its
unique eco-system — the "AMTD SpiderNet" — the Company is uniquely
positioned as an active super-connector between clients, business
partners, investee companies, and investors, connecting the East
and the West.
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SOURCE AMTD
